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New Jersey Capital Gains tax on Real estate
I do not qualify for any exclusion on the sale of my house in New Jersey. Can I use investment (stock) losses to reduce the capital gain on the real estate sale on my New Jersey Tax return? I am reading that you cannot apply a net loss in one category of income against income or gains in a different category on your NJ-1040.
I am reading that you can on the Federal return. Please confirm
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March 17, 2025
3:41 PM